10,273 Shares in Truist Financial Co. (NYSE:TFC) Bought by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ purchased a new stake in Truist Financial Co. (NYSE:TFC - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 10,273 shares of the insurance provider's stock, valued at approximately $446,000.

Several other institutional investors also recently bought and sold shares of TFC. Hopwood Financial Services Inc. acquired a new position in shares of Truist Financial during the 4th quarter valued at about $26,000. Navigoe LLC acquired a new position in shares of Truist Financial during the 4th quarter valued at about $26,000. Curio Wealth LLC acquired a new position in shares of Truist Financial during the 4th quarter valued at about $45,000. Brown Lisle Cummings Inc. acquired a new position in shares of Truist Financial during the 4th quarter valued at about $55,000. Finally, TCTC Holdings LLC increased its stake in shares of Truist Financial by 28.1% during the 4th quarter. TCTC Holdings LLC now owns 1,310 shares of the insurance provider's stock valued at $57,000 after acquiring an additional 287 shares during the last quarter. 71.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TFC has been the subject of a number of research analyst reports. Piper Sandler dropped their price objective on shares of Truist Financial from $45.00 to $41.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Stephens dropped their target price on shares of Truist Financial from $48.00 to $46.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Citigroup dropped their target price on shares of Truist Financial from $51.00 to $44.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Argus set a $43.00 target price on shares of Truist Financial in a research report on Monday, April 21st. Finally, Robert W. Baird raised shares of Truist Financial from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $48.00 to $52.00 in a research report on Wednesday, March 5th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $47.83.

Truist Financial Stock Down 0.4%

Shares of Truist Financial stock traded down $0.16 on Friday, hitting $39.44. 10,480,959 shares of the company's stock traded hands, compared to its average volume of 8,279,124. The stock has a market cap of $51.65 billion, a P/E ratio of 11.84, a PEG ratio of 1.63 and a beta of 0.83. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The firm's 50-day moving average is $38.58 and its 200 day moving average is $42.90. Truist Financial Co. has a 52-week low of $33.56 and a 52-week high of $49.06.

Truist Financial (NYSE:TFC - Get Free Report) last released its earnings results on Thursday, April 17th. The insurance provider reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. The company had revenue of $4.95 billion during the quarter, compared to analysts' expectations of $4.99 billion. Truist Financial had a return on equity of 9.32% and a net margin of 15.59%. During the same period in the prior year, the business posted $0.90 EPS. Equities analysts anticipate that Truist Financial Co. will post 4 earnings per share for the current year.

Truist Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 9th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 5.27%. The ex-dividend date of this dividend is Friday, May 9th. Truist Financial's dividend payout ratio (DPR) is currently 61.36%.

Truist Financial Profile

Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.